TIDMOPM 
 
RNS Number : 6463S 
1PM PLC 
15 September 2010 
 

                                    1PM PLC 
                                   (AIM: OPM) 
 
                                 Trading Update 
 
1pm plc ("1pm" or "the Company"), the specialist provider of lease asset finance 
to the SME sector, is pleased to announce that it has made a very strong start 
to the current financial year and has returned to profit in the first quarter. 
 
In the first quarter to 31 August 2010 the value of new leases agreed was 402% 
ahead of the equivalent period last year and has been significantly ahead of 
management expectations.  In total the Company has completed GBP1.7m of new 
leases which compares with GBP2.5m for the whole of the last financial year 
ended 31 May 2010.  The level of new leases has also had a positive effect on 
the lease portfolio which has grown to GBP7.71m as at 31 August 2010 (31 May 
2010: GBP6.55m). 
 
In order to continue to grow the business at the current level there will a 
requirement to access further funding lines.  The Company believes that its 
return to profitability and the improving levels of new business should 
facilitate the agreement of additional block funding lines and assist 
discussions will other providers of finance. 
 
Michael Johnson, Chairman of 1pm, commented: 
 
"We are delighted to report such a positive start to the year.  The hard work of 
the team together with the benefits of the March 2010 fundraising are starting 
to yield rewards in terms of financial performance as the operational gearing 
effect of our business model starts to impact.  We are very encouraged by the 
levels of business we are securing and given sufficient resources we are 
confident this can continue." 
 
+-----------------------------------+-----------------------------------+ 
| Contacts:                         |                                   | 
+-----------------------------------+-----------------------------------+ 
|                                   |                                   | 
+-----------------------------------+-----------------------------------+ 
| 1pm plc                           |                     www.1pm.co.uk | 
+-----------------------------------+-----------------------------------+ 
| Mike Johnson, Chairman            |              +44 (0) 844 967 0944 | 
+-----------------------------------+-----------------------------------+ 
| Maria Hampton, Managing Director  |              +44 (0) 844 967 0944 | 
+-----------------------------------+-----------------------------------+ 
|                                   |                                   | 
+-----------------------------------+-----------------------------------+ 
| WH Ireland Limited                |              www.wh-ireland.co.uk | 
+-----------------------------------+-----------------------------------+ 
| Mike Coe / Marc Davies            |              +44 (0) 117 945 3470 | 
+-----------------------------------+-----------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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